5 November 2018
Future Pensions Landscape publish report on the Pensions Dashboard
The pensions dashboard has been talked about across the industry for a long time. With the proposed implementation of date of 2019 (albeit it has been questioned by some whether this is achievable or not), it is time to consider the actuarial aspects behind providing individuals with details of their pension benefits.
This report outlines the perspective of the IFoA’s Future Pensions Landscape working party. It considers the objectives of the dashboard and the functionality that may be required to deliver on those. It also highlights the difficulties of the necessary consistency between different types of benefits, and the need for alignment with other pensions communications. Lastly, it considers what is needed to enhance the dashboard to enable members to understand what their benefits might look like at retirement and considers the opportunities the dashboard delivers for further modelling and financial planning.
Andrew Lowe, Chair of the working party and John Taylor, President- elect met the Secretary of State, Esther McVey on 6 November 2018 to discuss the pensions dashboard project.
This report was used to support the IFoA’s response to the recent consultation on the Pensions Dashboard.
- Read the report for more information about the working party.
- Read the IFoA consultation paper
This topic will be held as a sessional on 24 June. Book your place here